Industry – services, finance and high-quality human resources will be the new growth poles in the process of industrialization and modernization of Ho Chi Minh City.

Many exist in the process of industrialization and modernization

Assoc.Prof.Dr. Nguyen Tien Dung, Former Rector of the University of Economics and Law, said that the processof industrialization andmodernization of the city. Ho Chi Minh City in the past time has many limitations. For example, industries are showing signs of slowing down due to the loss of competitive advantage. Most manufacturing enterprises are still heavily dependent on imported raw materials and accessories, limited in terms of equipment, technology, and cost; competitiveness and value-added content in products and goods are still not high.

The identification and concentration of investment resources to develop four key industries including mechanical engineering; food processing – food; chemicals – plastics – rubber and electronics – information technology industries no longer create strong drivers for the city’s economic development in the context of the strong impact of today’s digital technology. Even some industries are no longer suitable to be the focus in the new situation.

Citing specific examples, Assoc.Prof.Dr. Nguyen Tien Dung said, currently, Ho Chi Minh City city has 10,234 enterprises operating in the four key industries mentioned above, the average growth rate of industries in the period from 2011 to 2020 is 17.27% per year, but it is not sustainable and competitive. not high, the majority are small and medium enterprises (more than 97%), and competitiveness is still low.

Besides, investment costs for production activities in the area are increasing, leading to the tendency of enterprises to shift investment to neighboring provinces more and more. The land fund for industry has not been met, suitable for the needs of enterprises, only suitable for small and medium enterprises in terms of area and rent. The linkage between industrial production enterprises of different sectors, domestic supporting industry enterprises with manufacturers of finished products and enterprises with foreign direct investment is still limited. The development of high-tech industries, smart manufacturing, research and development and regional linkage is still quite slow.

Along with that, the attraction of foreign investment has not yet surpassed the potential and position of the national economic locomotive. Data from the Department of Planning and Investment of Ho Chi Minh City. According to Ho Chi Minh City, the average investment capital per project in the area recently has not reached 1 million USD, the size of enterprises are mainly small and micro, accounting for more than 97% with the registered capital accounting for only 1 million USD. more than 27% of the total registered capital of the city’s enterprises.

In addition, the factors of connected transport infrastructure have not kept pace with development needs, which makes the development of the city as well asthe economic region in the southern pointnot commensurate with the potential.

Identify the new growth pole

At the National Scientific Conference “Instructions and policies on industrialization and modernization of the country to 2030, with a vision to 2045” was held on the morning of July 28 in Ho Chi Minh City. Ho Chi Minh, Assoc.Prof.Dr. Nguyen Tien Dung, Former Rector of the proposed University of Economics and Law of Ho Chi Minh City. Ho Chi Minh City and other localities need a growth pole to determine the driving force, to focus investment instead of spreading investment. This is an opportunity not only for domestic economic development but also for building relationships with economies around the world.

For the City. Ho Chi Minh, Assoc.Prof.Dr. According to Nguyen Tien Dung, the new growth pole is defined as a collection of industries, services, finance, and high-quality human resources. These industries will create growth engines for the southern key region’s economy. At the same time, it is a “supporting platform” for the development of the South Central region, the Central Highlands and the Mekong River Delta.

Head of the Central Economic Commission Tran Tuan Anh also said that the model of industrialization and modernization of the country in the coming time needs to change to suit the new context. Accordingly, industrialization and modernization are based on science, technology and innovation in association with the requirements of green growth, sustainable and inclusive development; putting people at the center; taking socio-economic efficiency as the basic criterion for determining development plans, selecting investment and technology projects. At the same time, ensure close connection and synchronization with the process of industrialization and modernization with urbanization, new rural construction, nationaldigital transformationand growth model innovation, economic restructuring. economic.

“Besides continuing to persist in solutions to maintain and develop existing growth drivers in terms of investment, consumption, and export, and create new growth engines such as regional, inter-regional, urban development, marine economy, especially promoting digital transformation, developing digital economy, digital society, green economy, circular economy, adapting to climate change … “, Mr. Tran Tuan Anh emphasized.

Finally, making the most of human resources is the center, subject, main resource and goal of the process of industrialization and modernization of the country. In particular, special importance is given to and promoting education and training of high-quality human resources for priority industries, spearhead industries and strategic new industries in each period. Develop and implement training programs and policies on employing talents in priority sectors and fields; synchronously deploying mechanisms and policies to fundamentally prevent brain drain.

Source Bao Cong thuong